Centier mid-year earnings are up

MERRILLVILLE – Centier Bank has announced mid-year earnings of $11.1 million for the first six months of the year, compared to $5.5 million last year. The bank reported significant improvement in loan delinquencies and reduced loan losses are expected to continue through 2012. Centier also announced it will expand its mortgage services in Lafayette and

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Company to build Midwest HQ in Mishawaka

MISHAWAKA – North American Composites Co., a division of Interplastic Corp., has announced it will locate its Midwestern headquarters in Mishawaka. Work has begun on a 50,000-square-foot building it acquired on 12th Street. The company, which is based in Minnesota, will spend $600,000 on the building and an additional $650,000 on equipment. North American Composites

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Horizon Bank post 2nd quarter profit

MICHIGAN CITY – Horizon Bank has announced a second quarter profit of $4.9 million, the highest in the bank’s history. One year ago, Horizon posted a profit of $3.1 million. President and CEO Craig Dwight attributed the record profit to reduction in provisions for loan losses, more revenue from mortgages and a renewed focus on

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Peoples Bank earnings unchanged

MUNSTER – NorthWest Indiana Bancorp, the parent company for Peoples Bank in Munster, has announced second quarter financial results were virtually the same as results from one year ago. Net income in the quarter was $1.6 million, down from $1.7 million last year. For the first half of the year, net income was up $3

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CN scales back Kirk Yard expansion

GARY – The expansion of the Kirk Yard in Gary has been scaled back by Canadian National Railway Co. Originally planned as a $165 million project that would provide 251 jobs, the project now will be $141 million and create 119 new jobs. Canadian National had planned to move is locomotive repair facility from Illinois

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